Monash Business School awarded ARC research grants

The regulation of labour disputes in Southeast Asia and how economic stress impacts an individual’s future are among Monash Business School research topics awarded grants by the Australian Research Council (ARC).

In the areas of economics and commerce, management, and tourism and services, Monash Business School performed well in the grant process for Discovery Projects. Of the $6.3 million allocated to these areas, Monash Business School will receive 18 per cent of the funds, a total of $1.1 million. This effort places Monash University third amongst the Group of Eight in these disciplines.

In total, Monash Business School projects have been awarded $1.6 million in grants from the ARC for projects starting in 2019. In the area of law and legal studies, a project proposed by the Monash Business School’s Department of Business Law and Taxation was the only Discovery Project awarded to Monash University.

Professor Carolyn Sutherland, Dr Petra Mahy, Ingrid Landau from Monash Business School in conjunction with Professor Richard Mitchell and Professor John Howe from the University of Melbourne will investigate the regulation of labour disputes in Indonesia, the Philippines and Vietnam.

Dr Silvio Contessi from Monash Business School, Dr Mei Dong from the University of Melbourne and Professor Raoul Minetti from Michigan State University will be working to develop models to evaluate the role of credit reallocation and bank credit to explain macroeconomic outcomes. The project aims to help policymakers better assess the interplay between monetary and credit policy.

Associate Professor Giovanni Caggiano from Monash Business School, Professor Efrem Castelnuovo from the University of Melbourne and Michele Modugno from the US Federal Reserve will investigate the macroeconomic consequences of disruptions in financial markets and heightened uncertainty about the future.

Dr Tatsushi Oka from Monash Business School and Professor Tong Li from Vanderbilt University will develop new econometric methods to evaluate government policies.

Dr Sonja Kassenboehmer from Monash Business School, Professor John Haisken-DeNew from the University of Melbourne and Professor Nattavudh Powdthavee from Warwick Business School will identify policies where the fostering of non-cognitive skills (such as perseverance, team work and motivation) can break the cycle of persistent economic disadvantage. The project will explore the impact of economic stress and the role of school on disadvantaged children and their non-cognitive skill development.

Two other Monash Business School researchers have also been named as Chief Investigators on other successful ARC Discovery Projects.

Associate Professor Erte Xiao from the Department of Economics will work on a project originating from the Monash University Faculty of Arts designed to explore the role of governance institutions within science, social media and journalism industries and how to best maximize the production and dissemination of knowledge.

Dr Benjamin Wong from the Department of Econometrics and Business Statistics will work on a project from the University of Sydney which will examine why long-run projections of output, inflation, and interest rates have become lower for many economies in recent years resulting in secular stagnation.

For the full list of awarded grants, please visit the following page.